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All Forum Posts by: Marian Huish

Marian Huish has started 11 posts and replied 445 times.

Post: Multiple Real Estate Licenses?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

Why do you intend to get licensed in multiple states @Daniel Vikhtinski?  Please keep in mind that this will become very costly as you'll be paying for the pre-licensing courses, exams, continuing education requirements, and joining muliple state and local associations.  I'm licensed in 4 states, however, in hindsight, I would recommend not doing so unless you live in/own properties in the states where you are licensed.  Rather, you can simply refer prospective buyers & sellers to agents licensed in other states and take a referral fee simply (generally 25% give or take) for connecting leads with the right agent.  Many agents make a good living simply by working referrals!

Post: Seeking advice for new Realtor - Excited to start!

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

Welcome and congrats on getting started off on your real estate career @David Hochgurtel!  Where are you located in N. NV?  I'm in Incline Village and serve the Reno/Tahoe area as a Realtor but also as an Investor.  You've got some loaded questions there... many of which you can find the answers to on this forum!  I'm sure you've learned much from your Mother & Grandmother but of course it's a constantly changing industry and the market is challenging-  There's plenty of local meet-up investor groups in Reno- let's connect!

Post: Why are agents going to EXP and REAL, is there really that good of money?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278
Quote from @Logan M.:

What do agents do about being an MLM? 

Personally, I don't like anything that pay money that is no connected to an agent doing deals but I can see the appeal. 

I always find this interesting when agents respond with this… they’d rather work for a company that keeps all the revenue at the top…. Traditional brokerages are also ‘Pyramid’s’, however, the agents are at the bottom!  And to @Bruce Lynn’s point, you apparently haven’t watched Mike Delprete’s  latest Inman keynote presentation!  (Pandamonium!?) Here’s just a couple of slides from it…  we’ll worth a watch!  

Post: Why are agents going to EXP and REAL, is there really that good of money?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

@Logan M. it’s because agents are owners receiving stock awards and passive income opportunities for life just for supporting agents who join the company. What do you receive from Re/Max if you bring agent into the company?  By having agents supporting agents in their success, it creates more collaboration and less competitiveness among agents.  Agents make more and so come from a position on abundance vs scarcity.  The company wins and the agents win.

Post: Investor-Friendly Real Estate Agent Ads

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

You’re on the best forum for finding leads @Luca Perinuzzi!  Start by completing your profile & engaging in conversations. Which brokerage are you with?  They should also be able to advise.  I would also join and attend local investor‘meetups’ to network directly with investors.  There are also a ton of investors groups on Facebook & elsewhere-  No need to really advertise… just put yourself out there & engage!  

Post: Washington, DC Airbnb unhosted license?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278
Quote from @Sarah Kensinger:

I know somewhere in DC there is a county line, and on one side it's a whole lot easier to have a STR then the other side.

Never heard of that as there are no counties in DC… !?

Post: Washington DC Attorney Needed

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

What particular issues are you having @Jacques Bailey?  Tenant or title related?  If your simply selling, the title company will handle the closing- no separate Atty is needed in DC.  And if you have tenants, be  sure you’re complying with TOPA… but again, no Atty needed for that!

Post: I hate my rentals- should I just sell and be done with this game?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

Plenty of good responses here @Tiffany Robert’s!Being a landlord is not for everyone. Assuming you have equity and canned cash out, take the money and move it elsewhere. Peace of mind is important!

Post: How do I deliver effective offers with Agents involved ?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278
Quote from @Bruce Lynn:

So if I read or understand your post correctly you are an investor, looking for an investor friendly agent to help you make offers in Spingfield OH?

If that is correct, I like @Andrew Freeds suggestion of going to real estate investing meetups.  In my area 1/2 the people that attending are agents.  Then you just have to make enough contacts to find one that will help you do what you want to do.

The other thing you might do is make a list of brokerages and go talk to the broker or team leader in each office.  Tell them what you want to do and see if they can recommend an agent who might be interested or motivated to do what you want to do.  My thought is you might want a younger newer agent to help you.  Maybe NOT brand new, but maybe a couple years in the business who is still hungry and looking to build/expand their business.

You haven't listed your strategy, but think about how it makes sense for an agent to help you and if it is realistic for an agent to spend time on it. I regularly have people call me and say things like they want to make 100 offers a month on $100,000 properties at 50% of asking price. I'm not sure that is a great strategy to start with, but you have to think, even with templates set up and as much automations as possible, it probably takes me an 1hr to do each one. So you make offers like that maybe we get 1. So now I've spent 100hrs for a $1500 commission that I am going to split in some way with my broker and I have all the expenses of getting there, taxes, insurance, VA, phone, software, MLS dues, E&O insurance, office rent, etc etc....so maybe I net out about $600 so that is $6/hr. Potentially we could outsource that to a VA, but I haven't found one I trust enough to get it all right in a timely and accurate manner. Not to say some investors don't have good ideas or good strategies, but not always profitable ones for me to be involved. Then what happens the strange month you win 10 vs 1, but you can only buy 2....now we're scrambling around trying to get you out of 8 contracts and spending more time on deals with ZERO profit, but we still have all the same expenses. Sometimes I've suggested we agree on $50-$100 per offer up front to get started and maybe credit that on resales. If you throw your hands up at something like that, then that also tells me you are not convinced your strategy is as solid as you think it is. Can we share the risk?

One thing that would make me more interested in some of the people that want my time and expertise, would be a good business plan.  Doesn't have to be elaborate, just simple 3-4 pages of what they want to do and how they're going to get there.  Part of that should be financing....how are we going to finance this venture.  I'd like to know their expertise, their motivation, but money has to be a big part of it and that's probably the biggest piece that needs to be lined up.

One idea is for you to get licensed and do it all yourself.  Normally I don't think that is a great strategy.  I definitely believe having a great realtor can be an asset depending on what expertise you bring to the table.   However maybe that solves your problem.  If you're interested in getting licensed let me know.


Exactly! 

Post: How to find investor-friendly agent?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 482
  • Votes 278

Most on this forum should be able to help you @Alina Bar.  Search by agents in your area & do own research & screening on them!  I’ll also DM you some agents if you need some referrals-  just need more specifics about what your looking to do…. What’s your investment strategy?